{"id":3662,"date":"2023-02-26T04:32:00","date_gmt":"2023-02-26T04:32:00","guid":{"rendered":"https:\/\/typesofapps.com\/?p=3662"},"modified":"2023-02-24T04:32:26","modified_gmt":"2023-02-24T04:32:26","slug":"the-role-of-ai-in-fintech","status":"publish","type":"post","link":"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/","title":{"rendered":"The Role of AI in Fintech and its Impact on the Financial Industry"},"content":{"rendered":"\n<p>Nowadays, innovation is very much crucial for various industries such as financial industries, machine learning, and artificial intelligence. Fintech innovations continuously disrupt traditional business models.<\/p>\n\n\n\n<p>With the surfacing of artificial intelligence, industries have more robust workflows, low operational costs because of high potential, and completion of the work rapidly with minimal errors.<\/p>\n\n\n\n<p>At present, AI technology plays a crucial role in the growth of <a href=\"https:\/\/typesofapps.com\/how-to-get-into-fintech\/\" data-type=\"post\" data-id=\"3438\">Fintech<\/a> companies. It helps the Fintech industries to automate routine procedures and increase outcomes on a scale beyond human intelligence.<\/p>\n\n\n\n<p>The application of AI in Fintech industries enables them to recognize threads, protect themselves from fraud, automate daily workflows, and enhance the quality of service. This leads to improvement of efficiency that leads to profit.<\/p>\n\n\n\n<p>Here, in this article, we are going to wrap up all the impacts of AI in the Fintech industries. Continue reading this article.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_63 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662edd4e97144\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662edd4e97144\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#What_are_AI_and_Fintech\" title=\"What are AI and Fintech?\">What are AI and Fintech?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#What_help_can_AI_do_to_Fintech_business\" title=\"What help can AI do to Fintech business?\">What help can AI do to Fintech business?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#1_AI_and_credit_decisions\" title=\"1: AI and credit decisions:\">1: AI and credit decisions:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#2_AI_and_risk_management\" title=\"2. AI and risk management:\">2. AI and risk management:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#3_Artificial_intelligence_and_fraud_prediction\" title=\"3. Artificial intelligence and fraud prediction:\">3. Artificial intelligence and fraud prediction:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#4_Enhanced_customer_service\" title=\"4. Enhanced customer service:\">4. Enhanced customer service:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#5_Improved_algorithmic_trading_and_decision_making\" title=\"5. Improved algorithmic trading and decision making:\">5. Improved algorithmic trading and decision making:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#Future_of_AI_in_other_sectors\" title=\"Future of AI in other sectors\">Future of AI in other sectors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#1_Transportation\" title=\"1. Transportation:\">1. Transportation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#2_Marketing\" title=\"2. Marketing:\">2. Marketing:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#3_Healthcare\" title=\"3. Healthcare:\">3. Healthcare:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#4_Entertainment\" title=\"4. Entertainment:\">4. Entertainment:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#_AI_Fintech_companies_in_2023\" title=\"&nbsp;AI Fintech companies in 2023?\">&nbsp;AI Fintech companies in 2023?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#1_Visa\" title=\"1. Visa:\">1. Visa:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#2_Paypal\" title=\"2. Paypal:\">2. Paypal:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#3_Ant_Financial\" title=\"3. Ant Financial:\">3. Ant Financial:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#4_Venmo\" title=\"4. Venmo:\">4. Venmo:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#5_Fidel_API\" title=\"5. Fidel API:\">5. Fidel API:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/typesofapps.com\/the-role-of-ai-in-fintech\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_AI_and_Fintech\"><\/span><strong>What are AI and Fintech?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fintech or <a href=\"https:\/\/bootcamp.cvn.columbia.edu\/blog\/what-is-fintech\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/bootcamp.cvn.columbia.edu\/blog\/what-is-fintech\/\" rel=\"noreferrer noopener\">financial technology<\/a> is a technological innovation in the financial sector. This includes managing all the financial aspects of fighting fraud. In this current era, the rising of Fintech companies offers customers to manage their hard-earned money which was not possible in past years.<\/p>\n\n\n\n<p>AI technology is being vastly used by Fintech industries, AI-powered chatbots. Any size of the Fintech industry is enjoying the benefits of AI technology from customer service agents to salespersons.<\/p>\n\n\n\n<p>The rise of financial technology has become significant in this recent years. Fintech companies are vastly and rapidly introducing technologies that use artificial intelligence and robotics to minimize costs and address customers&#8217; pain points.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_help_can_AI_do_to_Fintech_business\"><\/span><strong>What help can AI do to Fintech business?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The similarities between Fintech and artificial intelligence are enormous. Artificial intelligence has a greater impact on Fintech businesses. The rise of AI in the financial industry has proven how quickly it is changing the landscape of the financial industry.<\/p>\n\n\n\n<p>Here are some of the most popular impacts of AI in the Fintech industries:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_AI_and_credit_decisions\"><\/span><strong>1: AI and credit decisions:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Artificial intelligence technology provides a more accurate assessment of a potential borrower, at a lower cost, and accounts for various factors, that lead to a better informed, and data-backed decision.<\/p>\n\n\n\n<p>Credit scoring provided by AI is based on a variety of complex rules compared to those that are used in traditional credit scoring systems. It helps the lenders to distinguish the high default risk applicants and those who are creditworthy.<\/p>\n\n\n\n<p>Another benefit of AI technology is a machine cannot be biased like a human.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_AI_and_risk_management\"><\/span><strong>2. AI and risk management:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is not possible to overestimate the impact of AI technology on the financial industries when it comes to risk management. Enormous processing enables a wider range of data to be handled within a short time, and <a href=\"https:\/\/www.techtarget.com\/searchenterpriseai\/definition\/cognitive-computing\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.techtarget.com\/searchenterpriseai\/definition\/cognitive-computing\" rel=\"noreferrer noopener\">cognitive computing<\/a> helps manage structured and unstructured data. For a human, it requires too much time to complete the task.<\/p>\n\n\n\n<p>Algorithms assess the history of risk factors and also identify the early signs of potential future fraud.<\/p>\n\n\n\n<p>AI in Fintech business is a potential alley when it comes to assessing the real-time activities given in any environment or market. It delivers accurate assumptions and details of the forecasts that are based on various variables or factors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Artificial_intelligence_and_fraud_prediction\"><\/span><strong>3. Artificial intelligence and fraud prediction:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In several previous years, AI technology is successful to detect fraud in the Fintech industries. Each year the future looks brighter; as artificial intelligence catches up the criminals.<\/p>\n\n\n\n<p>AI technology is very much active to prevent credit card fraud. Credit card fraud are growing tremendously in recent years because of the increase in e-commerce, and online transactions.<\/p>\n\n\n\n<p>Fraud detection systems assess a client&#8217;s behavior, buying habits, and location, and also trigger security when something seems too unusual, or uncommon, and contradicts the established spending pattern.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Enhanced_customer_service\"><\/span><strong>4. Enhanced customer service:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Artificial intelligence technology aids computers in comprehending human behaviors, intentions, and also laws that govern financial transactions. So, it can aid to complete the intermediary process themselves.<\/p>\n\n\n\n<p>Fewer mistakes, faster service, and the most tailored offerings based on each customer\u2019s behaviors and purchases are possible because of this machine-enabled revolution.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Improved_algorithmic_trading_and_decision_making\"><\/span><strong>5. Improved algorithmic trading and decision making:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Artificial intelligence revolutionized the traditional <a href=\"https:\/\/typesofapps.com\/best-trading-business-management-software\/\" data-type=\"post\" data-id=\"2863\">trading<\/a> desk by rapidly processing a wider range of data points and establishing insights that statistical methods cannot do.<\/p>\n\n\n\n<p>With the help of artificial intelligence-enabled decision making the customers of Fintech companies can trade stocks and shares through smartphone apps.<\/p>\n\n\n\n<p>The latest AI tools can easily and accurately evaluate petabytes of data over dozens of dimensions. As it can provide accurate real-time insights, AI is now indispensable in the Fintech business&#8217;s decision-making process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_of_AI_in_other_sectors\"><\/span><strong>Future of AI in other sectors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Without any doubt, we can say that AI technology is the biggest technological advancement in the history of human beings. Even, though AI technology is still in its early stages so it is expensive for small and medium industries. But, it already has a greater significant impact on global industries.<\/p>\n\n\n\n<p>So, let\u2019s go and find the impacts of AI in other sectors:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Transportation\"><\/span><strong>1. Transportation:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The transportation industry is one of the most important industrial sectors. The transportation industry is one of the first industries that adopted AI technologies for the improvement of efficiency.<\/p>\n\n\n\n<p>AI technology is used to find out shorter transportation routes, eliminate wait time, and for ensuring that all the available fleet drivers are kept busy. The role of AI technologies in the transportation industries will rise in the coming years as Google and tesla are investing billions of dollars in developing self-driving vehicles.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Marketing\"><\/span><strong>2. Marketing:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Digital marketing is a very competitive industry where every step needs to keep very carefully. AI tool is one of the significant tools for the <a href=\"https:\/\/typesofapps.com\/awesome-tips-for-ecommerce-app-marketing-strategy\/\" data-type=\"post\" data-id=\"1418\">marketing<\/a> industry for developing new marketing practices. It can track consumers&#8217; habits, make predictions, and create content according to customer behaviors.<\/p>\n\n\n\n<p>&nbsp;Nowadays, modern technology is needed as consumers want personalized products, and only AI technology can make that happen. Marketers use AI-powered tools to better understand the demand of the customers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Healthcare\"><\/span><strong>3. Healthcare:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Healthcare is one of the world&#8217;s most important industries, and AI technology has made it more versatile. By introducing automation of repetitive tasks, AI technology enables doctors with more extra time to use for the patients.<\/p>\n\n\n\n<p>AI technology also helps to improve the development of new drugs and treat patients based on a massive amount of patient records. The appropriate AI tool can help to improve the quality of life of a wider range of people.<\/p>\n\n\n\n<p>Moreover, AI-powered solutions can automate bacterial swap analysis, improving the doctor&#8217;s decision-making procedures, prescribing drugs, etc. It can also reduce administrative work and optimize the supply chain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Entertainment\"><\/span><strong>4. Entertainment:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The entertainment industry is achieving its rise with the use of AI technology than before. You can just imagine online streaming services such as Netflix, and YouTube.<\/p>\n\n\n\n<p>These services use AI to learn customers&#8217; preferences, so they approach similar content to them in the future. The main aspect to use AI technology is to make the industry feel more engaging and personalized.&nbsp;<\/p>\n\n\n\n<p>Entertainment providers can personalize entertainment according to customers&#8217; tastes and preferences.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_AI_Fintech_companies_in_2023\"><\/span><strong>&nbsp;AI Fintech companies in 2023?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Visa\"><\/span><strong>1. Visa:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Along with MasterCard, Visa is the most popular financial services company in the world. Visa values social impact, inclusion and diversity, and ESG responsibilities. Visa always tries to satisfy its customers with the most relevant, convenient, and required products.<\/p>\n\n\n\n<p>The company uses AI and other data analysis techniques to provide its advanced identity score service that helps customers to predict fraud.<\/p>\n\n\n\n<p>AI technology is used for real-time risk scoring, verifying applicants, predicting applicants&#8217; behavior, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Paypal\"><\/span><strong>2. Paypal:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Paypal is an American multinational Fintech company. Paypal operates an online payment system throughout the globe. The organization suggests various products to individual clients, developers, and businessmen.<\/p>\n\n\n\n<p>Using PayPal, customers can pay with credit, buy, shop, pay and request money, and search for deals. Moreover, Paypal suggests its customers spend money smarter and about crypto.<\/p>\n\n\n\n<p>AI technology is used by the company to accelerate growth, find the marketplace, predict risks, streamline operations,<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Ant_Financial\"><\/span><strong>3. Ant Financial:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ant Financial is another financial industry and it is a part of the Chinese conglomerate Alibaba group. This company provides a mobile payment platform known as Alipay, which has over 1.3 million users throughout the globe.<\/p>\n\n\n\n<p>The mission of the company is &#8220;make it easy to do business everywhere&#8221;. So, Ant Financial wants to provide equal opportunity to people using modern technology such as AI and machine learning.<\/p>\n\n\n\n<p>Besides, Ant Financial operates an open insurance marketplace that has more than 30 insurance companies and about 400 million users.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Venmo\"><\/span><strong>4. Venmo:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Venmo is another popular Fintech company that developed into a great mobile payment service. Venmo pays more attention to enhancing communication between people. Besides, transactions of money, it suggests writing short notes on every transaction.<\/p>\n\n\n\n<p>It provides a convenient solution for splitting costs that is a great opportunity for friends for shared activities.<\/p>\n\n\n\n<p>The company uses AI technology for data aggression, performance reporting, analytics, and preventing fraud.<\/p>\n\n\n\n<p>Venmo offers its users a convenient platform with generous gestures such as sending money for coffee, celebrating a birthday party, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Fidel_API\"><\/span><strong>5. Fidel API:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Fidel API is a London-based company that is designed for companies to help them enhance customers&#8217; engagement in real-time, save time, and work on a reliable platform.<\/p>\n\n\n\n<p>The users of the company can use its products as a connectivity layer between the apps and major card networks.<\/p>\n\n\n\n<p>As it is supported by some of the leaders such as Perkbox, Google pay, or Nextjump; Fidel API also offers many solutions for developers.<\/p>\n\n\n\n<p>Fidel API uses modern technologies such as Ai and machine learning for providing its advanced score service that helps customers predict fraud.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Artificial intelligence is still in its early stages. It makes the technology so expensive. So startups and medium-scale industries are not able to avail of this tool for the advancement of their business.<\/p>\n\n\n\n<p>However, AI technology is becoming more and more widespread, new AI technologies are accessible to a wider range of industries.<\/p>\n\n\n\n<p>AI seems to be more sophisticated in the future and find new applications. The possibilities are endless, we can expect a drastic increase in AI technologies in financial industries over the coming years.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nowadays, innovation is very much crucial for various industries such as financial industries, machine learning, and artificial intelligence. Fintech innovations continuously disrupt traditional business models. With the surfacing of artificial intelligence, industries have more robust workflows, low operational costs because of high potential, and completion of the work rapidly with minimal errors. At present, AI [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[412,27],"tags":[493,492],"_links":{"self":[{"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/posts\/3662"}],"collection":[{"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/comments?post=3662"}],"version-history":[{"count":1,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/posts\/3662\/revisions"}],"predecessor-version":[{"id":3663,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/posts\/3662\/revisions\/3663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/media\/3664"}],"wp:attachment":[{"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/media?parent=3662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/categories?post=3662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/typesofapps.com\/wp-json\/wp\/v2\/tags?post=3662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}